Net Income per Share (Tables)

6 Months Ended

Dec. 31, 2019

The following table presents the calculation of basic and diluted net income per share:

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2019		2018		2019		2018
	(In thousands, except per share data)				(In thousands, except per share data)
Numerator:
Basic and Diluted:
Net income	$	1,549	$	52,826	$	2,681	$	58,123
Denominator:
Basic:
Weighted-average shares of common stock used in computing basic net income per share		51,414		49,490		51,129		49,077
Diluted:
Weighted-average shares of common stock used in computing basic net income per share		51,414		49,490		51,129		49,077
Weighted-average effect of dilutive securities:
Stock options		1,190		1,779		1,238		1,832
Restricted stock units		885		1,413		1,040		1,653
Weighted-average shares of common stock used in computing diluted net income per share		53,489		52,682		53,407		52,562
Net income per share:
Basic	$	0.03	$	1.07	$	0.05	$	1.18
Diluted	$	0.03	$	1.00	$	0.05	$	1.11
Securities excluded from weighted-average shares used in computing diluted net income per share because the effect would have been anti-dilutive ⁽¹⁾		852		98		790		96

⁽¹⁾	These weighted-shares relate to anti-dilutive stock options and restricted stock units as calculated using the treasury stock method and could be dilutive in the future.